South Korea Opens Doors for Cryptocurrency

[regnidorhcs]

Great news for South Korean investors and for the  entire crypto currency industry. This shows that we are still seeing hope that one way or another, governments are starting to see the good things Bitcoin can bring to our lives and economy that they are willing to set some regulations and compromise to be able to make it work. It is for the good of everyone, it will benefit everyone in the long run. Hopefully we  can see more governments from different nations will now see it clearer and take the path of South Korea, I want's wait for the moment the global acceptance is on our feet, I know it is possible, not easy, it will take some time and so much effort but it will all be worth it.

[jake zyrus]

Good news, seems to be a lot of good news lately but still the price keeps going down. Expecting it to start going back up again soon.

Bitcoin become more popular all over the world, now South Korea accepted bitcoin in there country it is great news for us, even know the value of bitcoin still going down. I hope in this happen bitcoin will recover in it will increase soon.

[Raven91]

In my research lots of people doubt that crypto will come and conquer the other different countries, but now uts happening. In article Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.

[wheilcristinna]

Good new for cryptocurrency. Not allowing to trade is kinda unfair to people and government should listen to people, not deciding for themselves. Looks like Crypto will get back on it's feet.

[Undermood]

I think this is a more useful solition than prohbition. Whit reasonable taxation investors and the government can together and be satisfied on both sides.

[Dasha88fed]

Good news began to appear more and more, but there is still no growth in prices and strong demand, there may be a gradual increase in prices without sharp leaps. Technically advanced South Korea having one of the most developed economies in the world shows a good example to other countries with similar steps for recognizing and accepting cryptocurrencies.

[Ilegendph]

After all, government will still listen to its investors given that they will pay a decent amount of tax. I believe that in the next week will be a good time to buy and sell cryptocurrencies.

[Sadlife]

In time countries will start to see the benefits of crypto currency in terms of economical growth that can be good for their fiat and other resources. They just need to put some regulations and business that allows crypto users to convert their money to fiat or businesses that accepts crypto as payment, so they can tax it as well.

[mourinho hala 98]

Recently, representatives of the Green House - the official presidential office of the president of South Korea has just announced that there will be no more bans in the country for Bitcoin or codec transactions. So, the law of the former Justice Minister on the ban on Bitcoin transactions was rejected

[etsonarrantes]

You have to say they had to open doors.. Because time has come and the paper money will fade soon. Not just South Korea, the biggest countries China and United States should accept the cryptocurrency rule. When they accept the market go higher and got strong. I think in near future crpto will be the king of the world.

[jeffer8035]

It is good that this problem has been solved in the South Korea, it is good that the copper is but not exaggerated and let the truth work that it will do for the world market and that Korea has a great weight in bitcoin and always affects the other market every time they closed cryptocurrency exchange houses and intervened and persecured those who had crypts that good the solution of that government

[Praesidium]

This will bring good news to the market, knowing that tax gets low again for south koreans whales their might be active again in investing to crypto market which is a good thing because it will bring so much money to crypto and will probably leads to recovery of the market in the current situation.

[yndye]

It is good that this problem has been solved in the South Korea, it is good that the copper is but not exaggerated and let the truth work that it will do for the world market and that Korea has a great weight in bitcoin and always affects the other market every time they closed cryptocurrency exchange houses and intervened and persecured those who had crypts that good the solution of that government

Issues related to cryptocurrency when it comes to South Korea has a big impact in the price of bitcoin. When they ban ICOs, price of bitcoin went down and now there is positive news about taxes that would encourage more people to invest on it. Hoping that other countries would follow suit too in welcoming cryptocurrencies. Instead of banning it, they should just tax the people earning from it and they can also benefit too because their funds would increase. They just have to make applicable regulations to prevent the things they are afraid of from happening.

[leavolnhals]

Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.

http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao

In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!

I think the government ban would not have much impact on the Crypto market. In my country, the government has banned Bitcoin but we are still working very well. We did not encounter any obstacles and could transfer altcoin to our normal currency. So many Korean investors are still active if their country bans.

[bitcoin31]

Paying taxes is acceptable. If the korea paying taxes investing in cryptocurrency it is good because the government want to legluze crypto to their country and no problems will happen between the government and the investor. It is good because the korea will invest more of their money to cryptocurrency.

[Nerman]

Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.

http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao

In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!

This is great news because the 3%- 40% is really a big number specially if they decided to tax it in around the high 30%. With the 10%-15% it is attractive because it is a more specific number, which is actually an acceptable number if you are going to pay tax. This will make Koreans interested again in to the crypto currency market which will surely affect it positively.

[Pettuh4]

Paying taxes is acceptable. If the korea paying taxes investing in cryptocurrency it is good because the government want to legluze crypto to their country and no problems will happen between the government and the investor. It is good because the korea will invest more of their money to cryptocurrency.

It's always great to know that some of the advanced countries such as Japan and South Korea are welcoming bitcoin and cryptocurrencies in general and so we should take advantage of such news to increase and grow our investment so that at the appropriate times we might be able to reap from our contributions.

[anon.ph011]

its about time. it will have an impact to the crypto world.,

[Dana-pasar]

hearsay again. whether to be able to make the state of cryiptocurrency in the market better than now.

[Deborah Brancoo]

Yes, Korea is open to Cryptocurrency. In addition, in order for the market to become more stable and manageable in the future, Korea has decided to set up a special team to research and develop policies for the management of the electronic money market.